Articles
Crypto Market Analysis

Crypto ATM losses surge 33% in 2025 as AI superpowers scams: CertiK

User Image

Door Anoniem

Gemaakt March 12, 2026|2 minuten leestijd
Main Image

Crypto ATMs or kiosks are the “lowest-friction extraction channel available to scammers,” said cybersecurity firm CertiK.

Crypto ATM fraud surged to $333 million in the US in 2025, with complaints received by the FBI growing 33% in the year as scam networks became more industrialized while tapping into advanced AI deepfake technology.

Crypto ATM fraud is one of the fastest-growing financial crime categories in the US, according to cybersecurity firm CertiK in its latest report shared with Cointelegraph on Thursday, explaining that criminal organizations are exploiting the “speed and pseudonymity” of crypto ATMs or “kiosks” to extract funds from victims at an accelerating pace.

The FBI recorded more than 12,000 complaints between January and November 2025, also a 33% increase from the prior year. The US accounts for 78% of the world's 45,000 cryptocurrency machines, said CertiK. 

Their ability to convert cash to crypto in under five minutes with minimal identity verification “makes them the lowest-friction extraction channel available to scammers,” the firm added. 

The report also noted that there was an “attribution gap” because the blockchain only records the operator-to-destination transfer, not the victim’s identity. This makes forensic tracing extremely difficult without court orders for operator records.

Around 86% of losses involve victims over 60, as older adults are disproportionately vulnerable due to “liquid savings,” lower crypto literacy, and social isolation.

However, younger victims are increasingly appearing in romance or investment scams, commonly known as “pig butchering,” which is one of five primary tactics used by scammers.

The other four approaches are government impersonation, tech support fraud, “grandparent scams,” and fake fraud recovery offers.

Related: DC attorney general sues Athena Bitcoin over alleged hidden fees

Unlike phishing or wallet-draining attacks, which involve compromising private keys or tricking users into signing malicious smart contract requests, ATM-based fraud “relies entirely on social engineering to induce the victim to perform a voluntary physical action at a kiosk,” stated CertiK. 

AI-enabled social engineering scams were 4.5 times more profitable than traditional methods in 2025, reported CertiK.

The integration of “real-time deepfake synthetic media” into scam and fraud operations represents the most “significant near-term escalation,” it stated. 

The profile of crypto ATM scammers has also shifted from independent actors to structured transnational criminal organizations operating with corporate-level divisions of labor, according to CertiK.

Wyoming Senator Cynthia Lummis said in September that she hopes the crypto market structure legislation will help tackle ATM fraud by punishing bad actors without limiting innovation.

In February 2025, US Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act, aiming to introduce safeguards for crypto kiosk users.

Magazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express

Source: CoinTelegraph


Andere artikelen die recentelijk zijn gepubliceerd

Former BIS chief softens stance on stablecoins, backs coexistence with fiat
Former BIS chief softens stance on stablecoins, backs coexistence with fiat

Crypto Market Analysis

Former BIS general manager Agustín Carstens said stablecoins can enhance financial inclusion and in...

Zcash miner Fortitude gets Nasdaq listing via HeartSciences merger
Zcash miner Fortitude gets Nasdaq listing via HeartSciences merger

Crypto Market Analysis

The all-stock deal gives Fortitude a Nasdaq listing while HeartSciences retains its healthcare busin...

Multi-year Bitcoin holder selling falls to 19-month low as halving model flags new market bottom date
Multi-year Bitcoin holder selling falls to 19-month low as halving model flags new market bottom date

Bitcoin

OG Bitcoin holders' spending dropped to a 19-month low, as market cycle indicators point to Septembe...

Crypto isn't the problem with the US economy, says senator
Crypto isn't the problem with the US economy, says senator

Crypto Market Analysis

Louisiana Senator John Kennedy largely dismissed what he called the “promotion” of cryptocurrenc...

Mark Zuckerberg ordered Meta staff to develop moneyless prediction market: NYT
Mark Zuckerberg ordered Meta staff to develop moneyless prediction market: NYT

Crypto Market Analysis

The Meta CEO reportedly plans for the company to launch a prediction market independent of its other...

Starmer steps down: What Andy Burnham means for crypto in the UK
Starmer steps down: What Andy Burnham means for crypto in the UK

Blockchain

Burnham brings a dose of optimism to the UK crypto industry, having previously supported the blockch...